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Patterson-UTI Energy Inc (NASDAQ: PTEN) closed the day trading at $7.49 down -7.87% from the previous closing price of $8.13. In other words, the price has decreased by -$7.87 from its previous closing price. On the day, 13.24 million shares were traded. PTEN stock price reached its highest trading level at $8.09 during the session, while it also had its lowest trading level at $7.41.
Ratios:
For a better understanding of PTEN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.73. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.36.
On December 19, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $12.
Morgan Stanley Downgraded its Overweight to Equal-Weight on October 17, 2023, whereas the target price for the stock was revised from $20 to $17.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 18 ’24 when Gillard Matthew sold 60,000 shares for $9.87 per share. The transaction valued at 592,200 led to the insider holds 114,692 shares of the business.
Drummond Robert Wayne Jr sold 150,000 shares of PTEN for $1,732,500 on May 20 ’24. The Director now owns 2,007,895 shares after completing the transaction at $11.55 per share. On Feb 29 ’24, another insider, Drummond Robert Wayne Jr, who serves as the Director of the company, sold 187,916 shares for $11.73 each. As a result, the insider received 2,204,255 and left with 2,473,239 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PTEN now has a Market Capitalization of 2920770304 and an Enterprise Value of 4129499904. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 0.712 whereas that against EBITDA is 2.987.
Stock Price History:
Over the past 52 weeks, PTEN has reached a high of $12.65, while it has fallen to a 52-week low of $7.38. The 50-Day Moving Average of the stock is -7.68%, while the 200-Day Moving Average is calculated to be -23.73%.
Shares Statistics:
Over the past 3-months, PTEN traded about 8.09M shares per day on average, while over the past 10 days, PTEN traded about 7612780 shares per day. A total of 389.94M shares are outstanding, with a floating share count of 351.43M. Insiders hold about 9.88% of the company’s shares, while institutions hold 92.70% stake in the company. Shares short for PTEN as of 1731628800 were 24225646 with a Short Ratio of 2.99, compared to 1728950400 on 25640448. Therefore, it implies a Short% of Shares Outstanding of 24225646 and a Short% of Float of 8.66.
Dividends & Splits
PTEN’s forward annual dividend rate is 0.32, up from 0.32 a year ago. Against a Trailing Annual Dividend Yield of 0.039360393The stock’s 5-year Average Dividend Yield is 2.19.
